Morganlander: Quality has underperformed this year, but that's where you want to be long-term

Market Outlook - Modest market strength is expected for the remainder of 2025, but caution is advised for 2026 regarding portfolio risk [1] - ETFs are pointing towards fractional gains at the opening bell [1] Investment Strategy - Focus on quality stocks, particularly those in consumer staples, healthcare, and select industrials, as lower quality companies have outperformed this year [2] - Companies with increasing dividends over the long run are considered a good investment [4] - Quality companies are defined as growing, profitable, and well-capitalized with reasonable multiples [3] Stock Recommendation - IBM is suggested as a potentially cheaper alternative to data center companies with a rising dividend and strong balance sheet [5] - IBM's server side of the business is expected to grow at 6% to 7%, with accelerating software growth and expanding margins [6]